Guo Mingchi: The unit price of NVIDIA's PCB is about 10% higher than that of H100, and Wistron's supply accounts for as much as 85%.
The unit price of NVIDIA's B100 board is about 10% higher than that of H100. Wistron is its largest supplier, accounting for 85% of the supply. Microsoft plans to purchase a large number of NVIDIA's cutting-edge B100 GPUs in 2024, instead of the previously purchased H100. According to the report, the computational power of B100 is estimated to be at least twice that of H100. It is expected that the demand for B100 will increase significantly, leading to an increase in the demand for advanced packaging technology such as CoWoS. NVIDIA's next-generation B100 architecture may adopt TSMC's 4nm process. Foxconn plans to become the second supplier of B100 boards. Currently, Wistron supplies 100% of NVIDIA's B100 boards.
Zhitong App learned that on December 28th, Tianfeng International analyst Guo Mingchi pointed out that ODM manufacturer Wistron is the largest supplier of CoWoSAI chip substrates for NVIDIA (NVDA.US) in 2024, with a supply proportion of approximately 85%. Wistron is also the exclusive supplier of AMD (currently) and Intel (starting from the second half of 2024) AI chip modules and substrates. The H-series board orders obtained by Foxconn are for the H200. The unit price of the B100 board is about 10% higher than that of the H100.
On December 18th, there were market rumors that Microsoft plans to purchase a large number of NVIDIA's cutting-edge B100 GPUs in 2024, instead of the previously purchased H100. The latest report from Omdia shows that Microsoft purchased 150,000 H100 GPUs in 2023, a number that exceeds heavyweight companies such as Alphabet-C, Amazon, Oracle, and Tencent.
According to the latest report from Morgan Stanley, Microsoft plans to transfer a portion of its 2024 H100 chip orders to the B100. The report emphasizes that the computational power of the B100 is estimated to be at least twice that of the H100. The report also predicts that driven by the growing demand for the B100, the demand for advanced packaging CoWoS will increase significantly.
As NVIDIA's next-generation product, the B100 not only adopts a more advanced process technology but also has a qualitative leap in computational power per chip. This undoubtedly has great appeal to the cloud computing leader Microsoft. Market analysts expect that NVIDIA's next-generation B100 architecture may use TSMC's 4nm process, integrating two GPU chips and eight HBM modules.
On October 31st, there were reports that NVIDIA plans to launch the AI accelerator card GB200 (B100) in 2024, which has entered the supply chain certification stage. The report also pointed out that Foxconn is actively seeking B100 accelerator card orders and plans to become the second supplier of B100 boards. However, unofficial sources claim that due to factors such as yield rate, in the initial stage of mass production of B100 accelerator cards, 100% of their boards will be supplied by Wistron.